Gasoline

Oil prices at $83 per barrel on jobs increase

Oil prices climbed to near $83 per barrel as a volatile week for crude ended with news of a burst of hiring in the U.S. Here's a breakdown of how energy contracts traded Friday. FULL STORY »

Oil prices above $83 per barrel on jobs increase

Oil prices are rising after a burst of hiring in the U.S. calmed fears of a new recession. FULL STORY »

Oil above $82 on positive news for Europe banks

Oil prices rose Thursday as Europe's central bank tried to strengthen the region's financial system. Benchmark crude jumped $2.91, or 3.7 percent, to finish at $82.59 per barrel in New York, while Brent crude rose $3, or 2.9 percent, to end at $105.73 in London. FULL STORY »

Oil near $81 on hopes of Europe action on banks

Oil prices rose above $80 a barrel Thursday, continuing a rebound from 12-month lows on signs that European finance officials are moving to bolster the region's banks. FULL STORY »

Oil climbs on positive signs for Europe economy

Oil rebounded Wednesday from 12-month lows on signs that financial leaders will move to bolster struggling European banks and on positive U.S. economic news. FULL STORY »

The shortening timeline from discovery to production in the deepwater Gulf of Mexico

Technological advances in oil and natural gas development and the increasing availability of existing infrastructure are reducing the interval from the discovery of commercially recoverable hydrocarbons to production, while at the same time allowing new discoveries that are smaller in size to be economically viable. FULL STORY »

Gasoline and diesel prices fall for the fourth consecutive week

The U.S. average retail price of regular gasoline fell for the fourth straight week, declining just over seven and a half cents to reach $3.43 per gallon. FULL STORY »

Oil up to $78 amid hopes of Europe financial fix

Oil prices climbed to $78 a barrel Wednesday amid hopes that Europe will contain the debt crisis that has engulfed Greece and threatens to destabilize other countries that use the euro. FULL STORY »

Oil below $76 as Greece crisis gnaws at confidence

Oil tumbled to below $76 a barrel Tuesday as fears intensified that Greece may not be able to crawl out from beneath a mountain of debt without defaulting. FULL STORY »

Oil drops to lowest price since 2010

Oil started the final quarter of 2011 with a whimper. The benchmark price dropped below $78 per barrel to its lowest level in more than a year, as fears of another recession grew. FULL STORY »

Oil futures: Crude drops on fresh bleak economic data

Oil futures lost ground Friday, following equities lower, as traders absorbed fresh discouraging economic data and re-focused on weak signals for petroleum demand. FULL STORY »

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